Auto services provider Monro (NASDAQ: MNRO) will be announcing earnings results this Wednesday before market open. Here’s what investors should know.
Monro beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $301 million, up 2.7% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Monro a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Monro’s revenue to decline 1.3% year on year to $297.4 million, improving from the 6.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Monro has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Monro’s peers in the auto parts retailer segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Genuine Parts delivered year-on-year revenue growth of 4.9%, beating analysts’ expectations by 2.2%, and O'Reilly reported revenues up 7.8%, in line with consensus estimates. Genuine Parts’s stock price was unchanged after the resultswhile O'Reilly was down 2.8%.
Read our full analysis of Genuine Parts’s results here and O'Reilly’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the auto parts retailer stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Monro’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $17.33 (compared to the current share price of $18.13).
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